London Sees Biggest Home Price Fall Since Recession

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Tuesday 18:14 GMT

House prices in some of London’s wealthiest boroughs plummeted as much as 14.9% in the year to January, dragging down the average price in the capital—and in England—according to a report Monday by real estate consultants Acadata.

The capital’s poor performance is dragging down the median price across the whole of England and Wales, which combined saw prices rise 0.6% in the year to January, but when excluding London and South East of England, prices rose a more healthy 2.5%.

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